Guideline Value for Kurukku Street

Kurukku Street guideline value

The current guideline value of Kurukku Street in Echur village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kurukku Street has changed

Over the years, the guideline value of Kurukku Street has seen several revisions. The earliest available figure is from 2012, when the value was Rs 150 per sq.ft. In 2017, this value decreased to Rs 100 per sq.ft, marking a 33% reduction. However, it rebounded to Rs 150 per sq.ft in 2023, maintaining that same value in the subsequent 2024 revision, which reflects a 0% change from the previous year.

There are no available figures for Kurukku Street in the revisions from the years 2002, 2003, and 2007. From 2012 to 2024, the overall change in the guideline value is 0%, as the value has remained constant at Rs 150 per sq.ft since the 2012 revision.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 300 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the guideline value of Kurukku Street.

• Lakshmi Priya Farm Lands: Rs 150 per sq.ft (2024)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Kanakkar Street: Rs 150 per sq.ft (2024)
• Kammmalr Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kurukku Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, totals Rs 10,500, while the registration fee at 2% is Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kurukku Street?

The Sub Registrar Office covering Kurukku Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Echur

The guideline value is a critical factor when registering property transactions in Echur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buyers and sellers agree on a sale price, the higher of the sale price or the guideline value is used to determine the applicable duties and fees. This ensures that the registration process is transparent and fair for all parties involved.

Frequently asked questions

What is the current guideline value of Kurukku Street?

The current guideline value of Kurukku Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in the revisions from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 and a subsequent return to Rs 150 per sq.ft in 2023.

What is the land classification of Kurukku Street?

Kurukku Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office located?

The Sunguvarchattram Sub Registrar Office is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price, while the registration fee is charged at 2% of the same amount. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft incurs a total of Rs 13,500 in fees.